Wipro507685IT services
Wipro shares rallied as much as 8.8% in trade after Q2 results, settling around 5.5% up, on flat constant currency growth, maintained guidance and improved margins
By ScoutQuest · · 1 min read
- Stock move intraday
- 8.8 percent
- Stock move at reporting time
- 5.5 percent
- Guidance range
- -1.5 to +0.5 percent
- Bookings decline
- 30 percent
- Large deal decline
- 59 percent
Heard on business television between 12:11:45 - 12:14:45 IST.
- Jasmeet said Wipro stock rallied about 8.8% intraday, later around 5.5% up.
- Constant currency growth was flat QoQ, better than feared degrowth, seen as a key positive.
- Management maintained its guidance band of -1.5% to +0.5% for the quarter despite expectations of weaker H2 guidance due to furloughs.
- Overall bookings fell about 30%, large deals slipped 59%, but management attributed this to paperwork/clarification delays, not client demand issues, with improvement expected from Q3.
- Margins rose nearly 46 basis points, in line with expectations, with no negative surprise.
- CEO Srini Pallia said inorganic strategy will continue, aligned with consulting-led, AI-powered strategy, citing Harman and Olam/Mindsprint acquisitions as examples.
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Source: Live TV News Channel · 16 Oct 2026
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